‘It’s Not M&A For M&A’s Sake’
In a little over a month after Nvidia announced a $40 billion deal to acquire Arm, its GPU rival, AMD, announced its own mega chip deal with its plan to acquire FPGA maker Xilinx for $35 billion.
AMD, based in Santa Clara, Calif., announced the deal Tuesday morning at the same time the chipmaker released its third-quarter earnings results, where the company reported a $2.8 billion in quarterly revenue that quarter, marking a 56 percent year-over-year increase.
In AMD’s earnings call, AMD CEO Lisa Su (pictured) was joined by Xilinx CEO Victor Peng to discuss the deal and how it will make the combined entity “the industry’s high-performance computing leader.”
“We’re not doing M&A for M&A’s sake,” Su said on the call. “I mean, this is such a unique opportunity. There actually is no better match in the industry for us than Xilinx.”
What follows are highlights from the earnings call as well as several other important things you should know about the $35 billion AMD-Xilinx deal as well as what’s been happening at both companies.